Chung Sang-Hwa

Untitled 80-4-8

Found at Phillips, New York Auction
20th Century & Contemporary Art Day Sale, Morning Session, Lot 133
15. NOV - 15. NOV 2023
Estimate: 80.000 - 120.000 USD
Price realised: 190.500 USD
signed, titled and dated "1980 80-4-8 CHUNG SANG-HWA [in English and Korean]" on the reverse
acrylic on canvas
30 1/8 x 38 1/8 in. (76.5 x 96.8 cm)
Painted in 1980.

Upper estimate price exceeded by 59 %.

In November this year Phillips in New York held the auction 20th Century & Contemporary Art Day Sale, Morning Session, which included the work Untitled 80-4-8 by Chung Sang-Hwa. The »bidding war« ended at USD 190,500.00 (€ 174,642.46), 59% above the upper estimate. Admittedly, works by Chung Sang-Hwa have also been auctioned for a multiple of this price - according to our records, the highest result so far was achieved by the work Untitled 97-3-26 in October 2016 with an auction result of HKD 6,440,000.00 (€ 757,854.41).

Oberer Schätzpreis um 59 % übertroffen

Im November diesen Jahres führte Phillips in New York die Auktion 20th Century & Contemporary Art Day Sale, Morning Session durch, in der auch die Arbeit Untitled 80-4-8 von Chung Sang-Hwa zur Versteigerung kam. Das »Bietergefecht« endete beim Preis von USD 190.500,00 (€ 174.642,46) und damit 59% über dem oberen Schätzpreis. Freilich wurden Arbeiten von Chung Sang-Hwa auch schon für ein Vielfaches dieses Preises versteigert – das bisher höchste Ergebnis erzielte nach unseren Aufzeichnungen die Arbeit Untitled 97-3-26 im Oktober 2016 mit einem Auktionsergebnis von HKD 6.440.000,00 (€ 757.854,41).

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